McDonald's same-store sales down just 5% in May after April coronavirus plunge
The Golden Arches weathered a 19% decline in April
The "Golden Arches" saw its sales for stores open at least a year decline 5 percent in May, up from the 19 percent plunge the fast-food behemoth weathered in April due to the coronavirus pandemic.
McDonald's sales have continued to improve from late March, when lockdown orders kept a majority of residents homebound, through May, the company touted Tuesday.
Like its competitors, the chain has been heavily reliant on drive-thru service after local governments restricted dine-in services to mitigate the spread of virus that causes COVID-19.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MCD | MCDONALD'S CORP. | 288.44 | -2.44 | -0.84% |
"Our strong foundation and the unique advantages of the McDonald's System, including a high percentage of drive-thru restaurants and investments in delivery and digital, have enabled us to adapt to the changing landscape presented by the COVID-19 outbreak," said McDonald's CEO Chris Kempczinski. "I am confident in our ability to manage through the immediate challenges and emerge from this pandemic in a position of competitive strength."
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To date, nearly all of its U.S. restaurants across the nation are operating drive-thru, delivery and/or take-options with a limited menu.
Milagrose Sarmiento works the drive-thru window at McDonald's Restaurant in Sitka, Alaska, April 24, 2020. (James Poulson/The Daily Sitka Sentinel via AP)
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Over 1,000 dining rooms in the U.S. have also reopened with reduced seating capacity.
Roughly 100 remain shuttered due to their unique locations such as within malls, the company cautioned.
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Kempczinski believes the company is "well-positioned" for the next phase of the pandemic which has seen many states slowly phase in dine-in operations under restrictions.